Give and Take

We recently interviewed Jordan Cassidy,  Co-founder & Head of Business Development of LifeLegacy, about nonprofits using online will planners for their constituency. Here’s what he had to say. Q: Is a will really an effective way to get planned gifts? A: A bequest giving tool like our free online will is great for engaging everyday donors. You can offer this complimentary service to your donors, track engagement and use it as the beginning, not the end, of the conversation with them. Q: How is this different from others? A: Our donor experience is fully customized to our nonprofit partners; most others have inflexible platforms that do not offer this. In addition, we have seamless integrations — nonprofits can get set up with our platform within minutes using a co-branded link. Here’s a demo of the co-branded online will experience for one of our partners, the American Brain Tumor Association. Q: Your …

A few weeks ago, I was approached by a charity with a donor who, at the end of 2021, had just retired from farming.  That means he has a harvested grain crop in the bin, which has yet to be sold to produce taxable income. But because he is no longer farming, he will not receive tax deductions this year for expenses such as seed, fertilizer, and fuel. As a result, he will have a pile of taxable Ordinary Income to report for tax purposes when he sells the grain, with no offsetting deductions. He really doesn’t need the income this year because he sold some machinery. He would like to spread the grain profits out over his lifetime for tax and cash flow purposes. I offered to help him set up a CGA funded with 45,000 bushels of corn. At a market price of about $6 per bushel for …

By Dennis Haber It seems to be one of those fundamental laws: If there’s air travel involved, there’s a good chance you and your luggage will go your separate ways. So, I wondered, If you go to a lost and found when your luggage is lost, where do you go when YOU’RE lost? When your performance is subpar and you don’t know what to do next, do you ask others, “Have you seen the real me? I’m lost.” Of course you don’t. Creation, Not Discovery Successful people never “find” themselves. They go deep inside and create themselves. The tool of POTENTIAL is very useful toward this end. That is why it is important to embrace this  fundamental truth: Everything in life exists in POTENTIAL. Those who understand the power behind POTENTIAL will have a lot more success than those who choose to ignore the influence they actually have over events …